Investigation of UPM-Kymmene's MACtac acquisition continues in the USA

The US Department of Justice has informed UPM-Kymmene Corporation that its investigation in respect of UPM-Kymmene's acquisition of MACtac is expected to continue after year end 2002. The deal was originally published on 21, August 2002. UPM-Kymmene continues to co-operate with the Department of Justice in order to complete the investigation. UPM-Kymmene's target is to close the transaction during the first half of 2003.

For more information, please contact:
Mr Pentti Kallio, President, Raflatac Group, tel. +358 204 15 0015


UPM-Kymmene Corporation
Corporate Communications
December 12, 2002